Listing ID: 1177
Halifax Regional Municipality
Since the Golf courses have re-opened, this business has taken off like no other time in history. Memberships at Golf courses around Halifax are stronger than they've ever been. Now is an amazing time to be part of this rush. If your ideal business is meant to ensure you are highly recognized and appreciated in the community, has upside potential for the relationship and/or marketing minded individual, and requires you to have a love for sport, then we encourage you to connect and learn more about this well established business that will continue to grow as a premium supplier in it's market.
This 20 year old sporting goods retailer is known to provide one of the highest levels of service in their industry. Given their large inventory selection and longstanding relationships with suppliers and manufacturers, they're typically able to meet clients needs right on the spot. Satisfaction pronto!
Hours of operation: Monday, Tuesday, Wednesday and Saturday 9-5, Thursday and Friday 9-8 and Sunday 12-5.
Revenues have been growing year over y ear, with the most recent year generating $1.48M in sales.
Seller's Discretionary Earning in the most recent year were approximately $170,000.
Inventory has averaged $360K over the last two years.
Financing for a new Buyer would typically look like 35% - 50% down payment on the purchase of the business and 25% equity requirement for the inventory, as a bank will provide 75%.
Depending on time of year, the working capital requirements of the business could be as high as $25K.
* Seller's discretionary earnings are the pretax and pre-interest profits before non-cash expenses, one owner's benefits, one time investments, and any non-related income or expenses.
Leased Location: - 5,927 sft @ $14/sft NET
Helping our clients achieve the greatest success possible requires completing a transaction beneficial to both buyer and seller. To achieve that success, we work exclusively with well-qualified individuals, delve into the unique needs of both parties and develop a strategic plan that will help generate excellent results.
Gateway Business Brokers places a priority on open, frequent and comprehensive communication with our clients. We promise to communicate and confirm expectations in a timely and courteous manner each and every time.
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